The domestic equities market on Friday sustained a growth trend, appreciating by N1.094 trillion as bulls continue to dominate the market.
The market capitalisation of listed equities increased by 1.20 per cent to N93.722 trillion from N92.628 trillion reported on Thursday.
The market was driven by gains in the shares of Unisell Plc; TranscoHotel; Ikejahotal; Zenith Bank; Access Bank, and 33 other companies.
The NGX All Share Index also went up by 1716.39 basis points to 147040.26 points from 145323.87 points.
The market breadth was positive with 38 advancers against 16 decliners, bringing year to date return to 42.86 points.
The volume of trades declined by 1.888 billion representing 83.93 per cent; the value of transactions went down by 29.25 per cent to settle at N14.835 billion against N20. 967 billion in 21051 deals.
An analysis of the investment showed that UACN led the gainers’ table with 10 per cent to close at N96.80 per unit; TranscoHotel followed with a gain of 9.71 per cent to close at N172.80 per unit; Royal Express added 8.89 per cent to close at N1.96 per share; Ikeja Hotel added 8.74 per cent to close at N31.10 per unit; Veritas Kapital up by 8.07 per cent to close at N1.74 per unit.
On the contrary, Union Dicon topped losers chart, dropping 10 per cent to close at N6.30 per unit; ABC Transport trailed 9.88 per cent to close at N3.10 per unit; Mansard Insurance dropped by 7.19 per cent to close at N12.90 per cent; FTNCocoa fell by 4.62 per cent to close at N4.75 per share; Guinea Insurance dipped by 3.36 per cent to close at N1.15 per unit.
Trading in the shares of Zenith Bank led market activities with 59.460 million shares valued at N3. 643 billion; Access Holdings Company followed with account of 46.090 million shares valued at N973.034 million; Fidelity Bank traded 29.413 million shares cost N560.360 million; FCMB group traded 27.887 million shares worth N293.855 million; Tantalizer exchanged 12.887 million shares cost N29.821 million.
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